Signaturefd LLC Lowers Holdings in Lam Research Corporation $LRCX

Key Points

• Signaturefd LLC has reduced its stake in Lam Research Corporation by 9.8% during the second quarter, holding 29,203 shares worth approximately $2.84 million.
• Lam Research reported earnings of $1.33 per share, exceeding estimates and showing a significant revenue increase of 33.6% year-over-year, totaling $5.17 billion.
• The company recently increased its quarterly dividend from $0.23 to $0.26, signaling confidence in its financial stability, with a current yield of 0.8%.

Signaturefd LLC trimmed its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,203 shares of the semiconductor company's stock after selling 3,185 shares during the period. Signaturefd LLC's holdings in Lam Research were worth $2,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Vanguard Group Inc. boosted its position in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Invesco Ltd. raised its stake in shares of Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after buying an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after buying an additional 1,953,221 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Lam Research by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock worth $647,067,000 after buying an additional 418,077 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Lam Research in the 1st quarter valued at $604,344,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

LRCX opened at $128.33 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company's 50-day moving average price is $106.28 and its 200 day moving average price is $90.20. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $133.57. The firm has a market cap of $161.83 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company earned $1.03 earnings per share. The firm's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is 25.00%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LRCX. Oppenheimer upped their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Barclays set a $83.00 price target on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. The Goldman Sachs Group assumed coverage on Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target for the company. Finally, KeyCorp upped their target price on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $111.35.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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